2 Bed Flat, Single Let, Haverhill, CB9 9JZ, £165,000

211 Withersfield Road, Haverhill, CB9 9JZ - 3 views - 9 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£165K - £285K
Sold Prices/m²£2.7K/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£203,751
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Total Cash In

£47,400

 

 

Cash Out

 

Rent Range

£800 - £1,250

Rent Estimate

£850

Running Costs/mo

£706

Cashflow/mo

£144

Cashflow/yr

£1,733

ROI

4%

Gross Yield

6%

Local Sold Prices

6 sold prices from £165K to £285K, average is £186.3K. £2.7K/m² to £3.3K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£185K08/210.46 mi1, Sperling Drive, Haverhill, Suffolk CB9 9SG2
£165K10/200.81 mi32, Manor Farm Close, Haverhill, Suffolk CB9 8QN2
£187.5K05/220.81 mi23, Manor Farm Close, Haverhill, Suffolk CB9 8QN2
£285K02/210.95 mi9, Beaumont Court, Haverhill, Suffolk CB9 8EL2
£167.5K04/211.25 mi27, Fleming Way, Withersfield, Haverhill, Suffolk CB9 7SQ2
£202K08/231.25 mi27, Fleming Way, Withersfield, Haverhill, Suffolk CB9 7SQ2

Local Rents

25 rents from £800/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£85004/240.01 miWithersfield Road, Haverhill, Suffolk, CB92
£80002/240.1 mi-2
£89504/230.12 mi-2
£1,00003/240.12 miCrowland Road, Haverhill, Suffolk, CB92
£92503/240.13 mi-2
£85001/240.13 mi-2
£87506/240.14 mi-2
£89503/240.14 miWaters Edge, Withersfield Road, Haverhill2
£1,25004/250.2 mi-2
£99512/230.26 mi-2
£82503/240.26 miDrakes Yard, Haverhill2
£92504/240.33 miCamps Road, Haverhill2
£1,19501/240.42 mi-2
£1,17512/240.43 mi-2
£95005/240.47 miChapelwent Road, Haverhill, Suffolk, CB92
£92503/240.5 miSt. James Court, Haverhill, Suffolk, CB92
£1,20002/240.51 mi-2
£1,10003/250.51 mi-2
£1,00003/240.52 mi-2
£1,10009/240.52 mi-2
£1,00001/250.52 mi-2
£1,00001/250.52 mi-2
£1,00003/250.52 mi-2
£1,00003/250.52 mi-2
£1,05004/240.59 miMount Terrace, Haverhill2

Local Area Statistics

Population in CB9

32,845

Town centre distance

0.26 miles away

Nearest school

0.20 miles away

Nearest train station

8.42 miles away

 

 

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+8%

Property History

Listed for £165,000

July 25, 2024

Floor Plans

Description

  • Two Good Sized Bedrooms +
  • Spacious Accommodation +
  • Wooden Flooring Throughout +
  • Ideal Investment Property or FTP +
  • Allocated Parking +
  • Fitted Kitchen +
  • Open Plan Living Accommodation +
  • NO ONWARD CHAIN +

An immaculately presented two bedroom first floor apartment situated in a popular development within walking distance to the town centre. The property has been improved with matching flooring throughout and benefits from allocated parking. (EPC Rating C).

Haverhill is a thriving and popular market town and is one of the most convenient towns for access to Cambridge (17 miles), London Stansted Airport (around 30 minutes drive) and the M11 corridor. There is a mainline rail station at Audley End (12 miles) direct in to London Liverpool Street.
Despite its excellent road links, Haverhill remains a relatively affordable place to buy and rent a property. Continuing private and public investment into the town to provides it with growing residential, commercial and leisure facilities.
Currently facilities include High Street shopping with a popular twice weekly market, out of town shopping, public houses, cafes, restaurants, social clubs and hotels, snooker and ten-pin-bowling clubs, a well-respected 18 hole golf course, a comprehensive nursery and schooling system, a well used sports centre with all weather pitches, gymnasia, churches of various denominations and much more. The town centre is attracting a growing number of national chains and there is also a recent town centre multiplex cinema complex with associated eateries.

ENTRANCE HALL
Door to Airing cupboard, wooden flooring, door to:

SITTING ROOM
5.16m x 4.61m (16'11" x 15'1" Two windows to side, wooden flooring, electric smart heater, open plan to:

KITCHEN
3.27m x 2.26m (10'9" x 7'5")Fitted with a matching range of base and eye level units with worktop space over, one and half bowl stainless steel sink with mixer tap, plumbing for washing machine, space for fridge/freezer, electric oven, four ring electric hob with extractor hood over, wooden flooring, window to side

BEDROOM 1
3.56m x 3.29m (11'8" x 10'9")Window to side, wooden flooring, electric smart heater.

BEDROOM 2
2.87m x 2.46m (9'5" x 8'1")Window to side, wooden flooring, electric smart heater.

BATHROOM
Fitted with three piece suite comprising panelled bath with shower over, pedestal wash hand basin and low-level WC, wooden flooring.

LEASE & CHARGES
We have been made aware by the current owner that the lease is 125 years from 1st January 2007. Service charge is currently £934.42 and this includes- gardens, repairs to communal areas, rubbish. The service charge is reviewed annually.

VIEWINGS
By appointment through the Agents.

SPECIAL NOTES
1. None of the fixtures and fittings are included in the sale unless specifically mentioned in these particulars.

2. Please note that none of the appliances or the services at this property have been checked and we would recommend that these are tested by a qualified person before entering into any commitment. Please note that any request for access to test services is at the discretion of the owner.

3. Floorplans are produced for identification purposes only and are in no way a scale representation of the accommodation.

Agent Details

Cheffins Residential, Haverhill

01440 840459

Next Steps?

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